Fraud and Breach of Fiduciary Duty Litigation in Texas
The dictionary defines a fiduciary as a person who holds something in trust for another. A fiduciary duty is the obligation of one party to act in the best interest of another party. A parent has a fiduciary duty to his or her children. Spouses have a fiduciary duty to one another. A company's board of directors has a fiduciary duty to the company. A lawyer has a fiduciary duty to the client.
A breach of fiduciary duty is when the party with a fiduciary responsibility fails to adequately protect the interests of the party they are responsible for either through intentional act or negligence.
At Roger G. Jain & Associates, P.C., our attorneys have experience dealing with a wide range of breach of fiduciary duty litigation matters. We will represent all interested parties.
Understanding Fiduciary Duty
Business law includes several types of individuals who may hold a fiduciary duty and who could potentially be found in breach of that fiduciary duty. The parties who hold fiduciary duty, which our law firm would represent, include:
- Business partners — Duty to their fellow partners
- Corporate officers — Duty to the board of directors and the company
- Escrow agent — Duty to the borrower and the lender
- Attorneys — Duty to the client
- Trustee — Duty to the beneficiary
Charges of Fraud ∙ Plaintiff or Defense
Breach of fiduciary duty, when intentional, is a form of fraud. Our attorneys would handle fraud cases such as the following:
- If one partner diverts funds for their personal use, that is breach of fiduciary duty.
- If one business partner makes decisions that benefit themselves, rather than the company, that could be breach of fiduciary duty.
- If a board member, escrow agent or other person in charge of finances does not count all of the cash receipts, and diverts funds to another purpose, that may be breach of fiduciary duty.
Fraud Litigation Since 1993 ∙ Call 832-539-4759 or toll free 866-471-6269 for Help
Based in Houston our lawyers represent the plaintiff or defendant in business fraud litigation throughout the greater Houston metro area. Call our toll-free number, 866-471-6269, or send us an e-mail to tell us your story. We'd like to help you.
